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Globalstar, Inc.（GSAT）与Spire Global, Inc.（SPIR）财务数据对比。点击上方公司名可切换其他公司
Globalstar, Inc.的季度营收约是Spire Global, Inc.的4.5倍（$72.0M vs $15.8M）。Globalstar, Inc.净利率更高（-16.1% vs -176.6%，领先160.5%）。Globalstar, Inc.同比增速更快（17.6% vs -26.9%）。过去两年Globalstar, Inc.的营收复合增速更高（12.9% vs -32.6%）
Globalstar Inc.是一家美国电信企业，运营近地轨道卫星星座，可提供卫星电话、低速数据传输及对地观测服务，其第二代卫星星座由25颗卫星组成，相关服务可覆盖全球大部分区域的通信及遥感需求。
Spire Global, Inc.是一家天基云数据与分析服务企业，核心业务依托由大量纳米卫星组成的卫星星座，提供覆盖全球的多领域数据集追踪服务，具体包含船舶航运追踪、航空航行监控以及气象模式观测等相关业务，服务覆盖全球范围。
GSAT vs SPIR — 直观对比
营收规模更大
GSAT
是对方的4.5倍
$15.8M
营收增速更快
GSAT
高出44.6%
-26.9%
净利率更高
GSAT
高出160.5%
-176.6%
两年增速更快
GSAT
近两年复合增速
-32.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $72.0M | $15.8M |
| 净利润 | $-11.6M | $-28.0M |
| 毛利率 | — | 40.2% |
| 营业利润率 | -0.5% | -164.1% |
| 净利率 | -16.1% | -176.6% |
| 营收同比 | 17.6% | -26.9% |
| 净利润同比 | 76.9% | 42.7% |
| 每股收益（稀释后） | $-0.11 | $-0.85 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收GSATSPIR
| Q4 25 | $72.0M | $15.8M | ||
| Q3 25 | $73.8M | $12.7M | ||
| Q2 25 | $67.1M | $19.2M | ||
| Q1 25 | $60.0M | $23.9M | ||
| Q4 24 | $61.2M | $21.7M | ||
| Q3 24 | $72.3M | $28.6M | ||
| Q2 24 | $60.4M | $25.4M | ||
| Q1 24 | $56.5M | $34.8M |
净利润GSATSPIR
| Q4 25 | $-11.6M | $-28.0M | ||
| Q3 25 | $1.1M | $-19.7M | ||
| Q2 25 | $19.2M | $119.6M | ||
| Q1 25 | $-17.3M | $-20.7M | ||
| Q4 24 | $-50.2M | $-48.8M | ||
| Q3 24 | $9.9M | $-12.5M | ||
| Q2 24 | $-9.7M | $-16.6M | ||
| Q1 24 | $-13.2M | $-25.5M |
毛利率GSATSPIR
| Q4 25 | — | 40.2% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 48.9% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 44.5% | ||
| Q2 24 | — | 43.0% | ||
| Q1 24 | — | 26.5% |
营业利润率GSATSPIR
| Q4 25 | -0.5% | -164.1% | ||
| Q3 25 | 13.8% | -166.1% | ||
| Q2 25 | 9.2% | -122.7% | ||
| Q1 25 | -14.2% | -106.5% | ||
| Q4 24 | -6.9% | -144.1% | ||
| Q3 24 | 13.0% | -48.0% | ||
| Q2 24 | -2.4% | -48.6% | ||
| Q1 24 | -8.3% | -34.4% |
净利率GSATSPIR
| Q4 25 | -16.1% | -176.6% | ||
| Q3 25 | 1.5% | -155.3% | ||
| Q2 25 | 28.6% | 623.4% | ||
| Q1 25 | -28.9% | -86.5% | ||
| Q4 24 | -82.1% | -225.2% | ||
| Q3 24 | 13.7% | -43.7% | ||
| Q2 24 | -16.0% | -65.2% | ||
| Q1 24 | -23.4% | -73.3% |
每股收益（稀释后）GSATSPIR
| Q4 25 | $-0.11 | $-0.85 | ||
| Q3 25 | $-0.01 | $-0.61 | ||
| Q2 25 | $0.13 | $3.72 | ||
| Q1 25 | $-0.16 | $-0.77 | ||
| Q4 24 | $-0.57 | $-1.93 | ||
| Q3 24 | $0.00 | $-0.50 | ||
| Q2 24 | $-0.01 | $-0.68 | ||
| Q1 24 | $-0.01 | $-1.17 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $447.5M | $81.8M |
| 总债务越低越好 | $483.8M | — |
| 股东权益账面价值 | $355.7M | $112.9M |
| 总资产 | $2.3B | $211.0M |
| 负债/权益比越低杠杆越低 | 1.36× | — |
8季度趋势，按日历期对齐
现金及短期投资GSATSPIR
| Q4 25 | $447.5M | $81.8M | ||
| Q3 25 | $346.3M | $96.8M | ||
| Q2 25 | $308.2M | $117.6M | ||
| Q1 25 | $241.4M | $35.9M | ||
| Q4 24 | $391.2M | $19.2M | ||
| Q3 24 | $51.9M | $36.6M | ||
| Q2 24 | $64.3M | $45.8M | ||
| Q1 24 | $59.3M | $63.7M |
总债务GSATSPIR
| Q4 25 | $483.8M | — | ||
| Q3 25 | $508.6M | — | ||
| Q2 25 | $491.5M | — | ||
| Q1 25 | $502.7M | $103.7M | ||
| Q4 24 | $511.4M | $103.1M | ||
| Q3 24 | $394.4M | $4.9M | ||
| Q2 24 | $393.1M | $4.9M | ||
| Q1 24 | $398.7M | $123.1M |
股东权益GSATSPIR
| Q4 25 | $355.7M | $112.9M | ||
| Q3 25 | $364.8M | $133.1M | ||
| Q2 25 | $360.9M | $149.2M | ||
| Q1 25 | $344.3M | $3.7M | ||
| Q4 24 | $358.9M | $-11.7M | ||
| Q3 24 | $394.1M | $30.8M | ||
| Q2 24 | $383.0M | $40.3M | ||
| Q1 24 | $377.1M | $52.5M |
总资产GSATSPIR
| Q4 25 | $2.3B | $211.0M | ||
| Q3 25 | $2.2B | $224.3M | ||
| Q2 25 | $1.9B | $239.5M | ||
| Q1 25 | $1.7B | $208.8M | ||
| Q4 24 | $1.7B | $193.6M | ||
| Q3 24 | $917.6M | $224.2M | ||
| Q2 24 | $926.2M | $230.8M | ||
| Q1 24 | $917.0M | $252.3M |
负债/权益比GSATSPIR
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.39× | — | ||
| Q2 25 | 1.36× | — | ||
| Q1 25 | 1.46× | 27.92× | ||
| Q4 24 | 1.43× | — | ||
| Q3 24 | 1.00× | 0.16× | ||
| Q2 24 | 1.03× | 0.12× | ||
| Q1 24 | 1.06× | 2.35× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $175.9M | $-4.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-16.2M |
| 自由现金流率自由现金流/营收 | — | -102.1% |
| 资本支出强度资本支出/营收 | — | 75.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-92.6M |
8季度趋势，按日历期对齐
经营现金流GSATSPIR
| Q4 25 | $175.9M | $-4.3M | ||
| Q3 25 | $236.0M | $-12.0M | ||
| Q2 25 | $157.9M | $-35.1M | ||
| Q1 25 | $51.9M | $-8.4M | ||
| Q4 24 | $340.7M | $-19.2M | ||
| Q3 24 | $32.0M | $14.0M | ||
| Q2 24 | $36.7M | $-4.4M | ||
| Q1 24 | $29.8M | $-8.8M |
自由现金流GSATSPIR
| Q4 25 | — | $-16.2M | ||
| Q3 25 | — | $-20.4M | ||
| Q2 25 | — | $-38.7M | ||
| Q1 25 | — | $-17.3M | ||
| Q4 24 | — | $-24.3M | ||
| Q3 24 | — | $5.1M | ||
| Q2 24 | — | $-9.9M | ||
| Q1 24 | — | $-15.9M |
自由现金流率GSATSPIR
| Q4 25 | — | -102.1% | ||
| Q3 25 | — | -161.3% | ||
| Q2 25 | — | -201.7% | ||
| Q1 25 | — | -72.6% | ||
| Q4 24 | — | -112.2% | ||
| Q3 24 | — | 17.8% | ||
| Q2 24 | — | -39.0% | ||
| Q1 24 | — | -45.7% |
资本支出强度GSATSPIR
| Q4 25 | — | 75.1% | ||
| Q3 25 | — | 66.2% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 37.3% | ||
| Q4 24 | — | 23.5% | ||
| Q3 24 | — | 31.2% | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | 20.3% |
现金转化率GSATSPIR
| Q4 25 | — | — | ||
| Q3 25 | 216.53× | — | ||
| Q2 25 | 8.22× | -0.29× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.23× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
GSAT
| Services | $67.4M | 94% |
| Products | $4.6M | 6% |
SPIR
暂无分部数据
